PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM DAN VOLUME PERDAGANGAN SAHAM PERUSAHAAN MANUFAKTUR YANG GO PUBLIK DI BEI

Astak holidiyah

Abstract


The information can be used by the investors in appraising the financial performance of a company is from the financial report. This analysis can be measured with ROA (Return on Asset), Earning per Share (EPS) and Price Earning Ratio. This research is an explanatory research. It is a research of hypothesis testing that test the influence between the variables and tests the formula. The object used in this research is manufacture company that is listed in BEI in the last three years (2005 ? 2007).
The technique of this analysis used in this research is multiple regression analysis, with the formula as following:
Price of stocks (Y1) = a + bx1 (ROA) + bx2 (EPS) + bx3 (PER) + e
Volume of stocks trading (Y2) = a + bx1 (ROA) + bx2 (EPS) + bx3 (PER) + e
The results of the first and second hypothesis analysis used F test. It is a contemporaneous test of all independent variables to dependent variables. The results showed that the variable of ROA, EPS, and PER have an affect on the price of stocks simultaneously, with the statistical F of value (90, 80) > F table (3, 22). The second of F test showed that variable of ROA, EPS and PER have an influence on the volume of stocks trading with the value of statistical F (46,476) > F table (3,22). The third hypothesis used t-test. It is a partially testing of all independent variables to the dependent variable. The t-test showed that EPS has an affect on price of stocks with statistical t of value (15,305) > t table (1, 68). The second test showed that variable of PER has also affect on the volume of stocks trading with the value (11,031) > t table (1, 68).

 

Keyword : Kinerja Keuangan, Harga Saham, dan Volume Perdagangan Saham


Keywords


Kinerja Keuangan; Harga Saham; dan Volume Perdagangan Saham